The debt has risen from $10.6 trillion when Obama, Chief Marxist/Progressive, became top Comrade. It has been the reckless spending of this regime to enrich their cronies that has been to blame. The people they claimed they want to help have suffered the most under this regime. That should be no surprise because it has been the case under every Marxist/Progressive regime, foreign or domestic including Franklin Roosevelt.
The debt has increased by 70 percent during his abysmally incompetent regime. Put another way, 41 percent of the national debt of the United States, from George Washington to the present, has accrued during the Obama administration. And we have two years yet to go.
Coverage of the ever-increasing debt has subsided. Chronic underemployment, wage stagnation, foreign policy debacles and various administration scandals have pushed it out of the headlines. It is not being discussed that total U.S. debt to nominal GDP as of Sept 30, which was $17.555 trillion, is now 103 percent. These are numbers like Greece, Spain, and Italy. This was virtually ignored in the last election.
Economists have explained that the national debt greatly reduces the chance for real growth in our economy. National debt has contributed to the low employment participation rate, the increase in poverty, the decrease in real earnings for most Americans. The national debt is devastating to all Americans, and yet it is not discussed by the regime. Instead they spend their time talking about how cops must all have body cameras as if that will solve any problems. The national debt figures did not make the news much less the headlines.